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novillero
Penny Sorter Member
USA
86 Posts |
 Posted - 08/11/2009 : 08:02:34
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Thought that I would share this with the kind folk in this forum.
Mass Inflation Ahead – Save Your Nickels!
by James Wesley, Rawles
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/11/2009 : 08:40:12
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| Thanks novillero. I think many here have seen this for quite some time. Always nice to refresh other views. |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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redneck
1000+ Penny Miser Member
1273 Posts |
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barrytrot
Administrator
USA
721 Posts |
Posted - 08/11/2009 : 15:11:52
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A well written article. I pretty much agreed with everything he said. When I return from my trip I'm going to start adding nickels to my bank runs :) Not because of him, it was already on my agenda, but I think now is definitely the time to load up on Nickels.
I still say pennies are a good deal also, but he's right there is a time element there. |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 08/13/2009 : 21:03:46
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| Being doing that for the past 32 years, where have those people been at? hahahahahahhaah. |
"If you don't hold it, you don't own it"...Ponce |
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Silver Surfer
Penny Pincher Member
USA
148 Posts |
Posted - 08/14/2009 : 00:02:13
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quote:
Originally posted by Ponce
Being doing that for the past 32 years, where have those people been at? hahahahahahhaah.
You are a very wise man. Everyone here would be wise to do the same. |
"Of all tyrannies, a tyranny exercised for the good of it's victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busy-bodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience." - C.S. Lewis |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 08/14/2009 : 23:45:20
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Save your nickels
and save your dimes
and all those coins
your ass will save........ Ponce |
"If you don't hold it, you don't own it"...Ponce |
Edited by - Ponce on 08/15/2009 00:42:36 |
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coppernickel
Penny Pincher Member
USA
131 Posts |
Posted - 08/30/2009 : 20:23:53
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| I have started asking for my change back in nickels. Figure to collect them a little faster that way. |
Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
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3 Blue Stars
Penny Sorter Member
USA
76 Posts |
Posted - 08/31/2009 : 09:51:28
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| When I store my cents they are packed 1,500 to a bag. Into the old cat litter pails they go, 10 bags to a pail. Leaves me just enough room to add a bag of 1,000 nickels. Face value of each pail $200.00. |
You're kidding, right? |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/31/2009 : 16:22:02
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| Just pick up a $100 worth today will see what I find. |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 09/15/2009 : 16:23:22
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| I'm still not sold on the nickel concept. If people were making sales of US nickels i'd think about it... |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 09/15/2009 : 18:16:50
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quote:
Originally posted by JobIII
I'm still not sold on the nickel concept. If people were making sales of US nickels i'd think about it...
I am w/ JOBIII.
What would these coins be used for if the melt ban is lifted? |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 09/15/2009 : 18:35:25
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quote:
At present, visually date sorting pennies simply isn't worth your time. Although I suppose that if someone were to invent an automated density-measuring penny sorting machine, he could make a fortune.
out of all of his research you would think he would know that there is a machine out there to sort pennies. I like the nickel idea but on with the Canadian .999 nickels |
Inquiring minds want to know |
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Robarons
Penny Hoarding Member
USA
522 Posts |
Posted - 09/15/2009 : 19:34:27
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I agree on the nickels not being he best coin to save. Its because its clad. The total melt value reflects the 75% Nickel and 25% Copper. Scrap yards are likely not going to pay for both metals and the Cupro scrap price is much lower than coinflations formula of copper+nickel melt values.
Copper pennies, .999 nickels, and other more pure items will be used more now or during the SHTF.
Same with zinc pennies, do not expect to get the 5% copper value out of it or to get that copper value in barter.Same goes for the 5% zinc in copper pennies. |
Robber Baron= Robarons |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 09/15/2009 : 19:44:19
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quote:
Originally posted by Robarons
I agree on the nickels not being he best coin to save. Its because its clad. The total melt value reflects the 75% Nickel and 25% Copper. Scrap yards are likely not going to pay for both metals and the Cupro scrap price is much lower than coinflations formula of copper+nickel melt values.
Copper pennies, .999 nickels, and other more pure items will be used more now or during the SHTF.
Same with zinc pennies, do not expect to get the 5% copper value out of it or to get that copper value in barter.Same goes for the 5% zinc in copper pennies.
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hobo finds
Penny Hoarding Member
838 Posts |
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dpwozney
Penny Sorter Member
Canada
50 Posts |
Posted - 09/19/2009 : 16:54:20
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quote:
Originally posted by Robarons
I agree on the nickels not being he best coin to save. Its because its clad.
The U.S. nickels are not clad but rather are composed of a copper-nickel alloy. An alloy is different than cladding.
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"The silver is mine, and the gold is mine, saith the LORD of hosts." (Haggai 2:8) |
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Cupronickel
Penny Pincher Member
USA
110 Posts |
Posted - 09/19/2009 : 20:59:32
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Agree with your point on the scrap value of pennies, but on 75/25 nickels, not too sure. The 75/25 composition is close to the standard 70/30 composition of commercial cupronickel, all one needs to do is add additional Ni in the furnace. Nickels won't sell 1 to 1 with 70/30 cupronickel scrap, but they are a known, guaranteed composition, which is always a plus in the scrap biz.
quote:
Originally posted by Robarons
I agree on the nickels not being he best coin to save. Its because its clad. The total melt value reflects the 75% Nickel and 25% Copper. Scrap yards are likely not going to pay for both metals and the Cupro scrap price is much lower than coinflations formula of copper+nickel melt values.
Copper pennies, .999 nickels, and other more pure items will be used more now or during the SHTF.
Same with zinc pennies, do not expect to get the 5% copper value out of it or to get that copper value in barter.Same goes for the 5% zinc in copper pennies.
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 09/19/2009 : 23:17:57
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| This question seems to come up a lot. Can anyone confirm or deny that its hard to use a 75/25 mix? Or hard to seperate? |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Ponce
Penny Hoarding Member
Cuba
630 Posts |
Posted - 09/20/2009 : 00:56:40
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For what is to come I don't care about the composition of the nickel but what you will be able to get with it that you wont be able to get with a dollar bill........
Even a pennie is worth at least eight cents......put a hole in the center of a pennie to make a washer........go to the store and see how much they will charge you for a washer of that size and made of cooper........money talks and poopoo walks. |
"If you don't hold it, you don't own it"...Ponce |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/21/2009 : 15:36:59
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quote:
Originally posted by AGgressive Metal
This question seems to come up a lot. Can anyone confirm or deny that its hard to use a 75/25 mix? Or hard to seperate?
As Fasttcar asked on another nickel thread, "Why would you want too?" Cupronickel is useful as it is. It is used mostly in marine applications. There really isn't all that many nickels around that a repeal of the melting ban would produce a long term glut of cupronickel.
On the other hand our 95% copper or (brass) pennies wouldn't likely ever be used for electrial applications since such use requires almost pure copper. But there will always be lots of use for 95% (brass) in industry.
Let's not miss the point though that both nickels and copper (brass) pennies have an even more important value over their scap value. That value is in the fact they are alread 'hallmarked' by their design to serve as units of money. Hard money that is. |
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Think positive. |
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Article: Save Your Nickels
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